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To amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from requiring an issuer to make climate- related disclosures that are not material to investors, and for other purposes.
Summary
This bill amends the Securities Exchange Act of 1934 to add a new provision prohibiting the Securities and Exchange Commission from requiring issuers to make climate-related disclosures that are not material to investors. The restriction limits the SEC's authority to mandate climate-related reporting by requiring that any such disclosure requirements be limited to information that is material to investment decisions. This establishes a materiality standard for climate-related disclosure requirements the SEC may impose on companies.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- Jan 9, 2025 Referred to the House Committee on Financial Services. · house
- Jan 9, 2025 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 9, 2025
Mrs. Bice introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from requiring an issuer to make climate- related disclosures that are not material to investors, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stop Environmental Calculations Act of 2025” or the “SEC Act of 2025”.
SEC. 2. PROHIBITION ON REQUIRING AN ISSUER TO MAKE CLIMATE-RELATED DISCLOSURES THAT ARE NOT MATERIAL TO INVESTORS.
Section 23 of the Securities Exchange Act of 1934 (15 U.S.C. 78w) is amended by adding at the end the following:
“(e) Prohibition on Requiring an Issuer To Make Climate-Related Disclosures That Are Not Material to Investors.—The Commission may not require an issuer to make climate-related disclosures that are not material to investors.”. <all>
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